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Bank stocks surge after inflation report, regional banking ETF logs biggest gain since May

Bank stocks surge after inflation report, regional banking ETF logs biggest gain since May

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Exchange-traded funds that buy bank stocks surged Tuesday after a reading on inflation was softer than Wall Street analysts expected. Shares of the SPDR S&P Regional Banking ETF KRE closed 7.4 % higher, booking their largest percentage increase since May, according to Dow Jones Market Data. The Invesco KBW Bank ETF KBWB, which holds major …

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Defensive stocks have traded poorly this year, but this strategist says they are in a sweet spot

Defensive stocks have traded poorly this year, but this strategist says they are in a sweet spot

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U.S. stocks in the underperforming defensive sectors may be due for a comeback in the coming months as fears of an economic slowdown will push Treasury yields lower and increase demand for safe-haven assets in equities, according to Sevens Report Research.  “I do believe that we will have an (economic) growth scare in the coming …

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